Pimco New York Municipal Income Fund III V.PYN

Primary Symbol: PYN

PIMCO New York Municipal Income Fund III (the Fund) is a non-diversified closed-end management investment company. The Fund's primary investment objective is to seek to provide current income exempt from federal and California income tax. Under normal circumstances, the Fund invests at least 90% of its net assets in municipal bonds which pay interest that is exempt from regular federal, New York State and New York City income. The Fund may invest up to 20% of its total assets in investments the interest from which is subject to the federal alternative minimum tax. The Fund also invests at least 80% of its net assets in municipal bonds that at the time of investment are investment grade quality. Pacific Investment Management Company LLC (PIMCO) serves as the Fund's investment manager.

NYSE:PYN - Post by User

Pimco New York Municipal Income Fund III

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Post by dwhinneyon Dec 19, 2011 9:03pm

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Post# 19336532

Conclusion

POYNT CORPORATION December 8, 2011 / P. 13

Dev Bhangui (416) 682-4230 - dbhangui@frasermackenzie.com Neal Belovay (416) 682-4228 - nbelovay@frasermackenzie.com

LBS based contextual search advertising is positioned for viral growth due to the coming of age of smartphones that can capitalize on the high speed 3.5G and 4G WAN networks.

PYN is the only Canadian company that boasts performance and stats, which rival the top companies in this market. Its carrier and OEM partners have positioned it for a multi-fold growth in 2012-13, yet it is trading at 10% to 15% of peers’ valuations. In a consolidation-ripe landscape that has seen four acquisitions in recent past by Google, Facebook, Groupon and eBay, we don’t expect a life of more than 18 months for PYN as a standalone entity. We recommend that investors get in at the current price levels and are initiating coverage with a Strong Buy rating and
.55 per share target price.

Cut and paste ^^^